Latest Articles about Economics
Russia Conducts Trade Warfare on Multiple Fronts
Russia’s trade restrictions against Lithuania (ban on Lithuanian dairy products since October 7, threats to ban meat and fish products, harassment of Lithuanian road transport at the Russian border—see EDM, October 11) constitute but one front of Moscow’s ongoing trade warfare targeting several European countries... MORE
India Looses out to China in Central Asia’s Uranium Competition
During the first week of October 2013, a high-level delegation of India’s Department of Atomic Energy visited Uzbekistan to discuss bilateral cooperation in the field of nuclear energy. According to several informal reports published in the Indian media, New Delhi expects to sign a four-year... MORE
Space and Robotic Technology: the Kremlin’s Final Frontier?
Russia’s deputy prime minister tasked with overseeing the defense industry, Dmitry Rogozon, is also billed as the country’s “space Tsar,” and he is presently turning his attention to large-scale sectorial reorganization to boost the Russian space sector’s competitiveness. On October 9, Rogozin briefed his close... MORE
Russia’s Trade Warfare Against Lithuania Is a Challenge to the European Union
Effective from October 7, Russia has banned the imports of Lithuanian dairy products. The Consumer Protection and Sanitary Inspectorate (Rospotrebnadzor) chief, Gennady Onishchenko, announced the ban, and now threatens to step up testing of Lithuanian meat and fish products at the border. Moscow has not... MORE
Russia on a Collision Course with the European Union
The Kremlin is demonstrating its growing anger with the European Union for encroaching onto the territory of the former Soviet Union, which Moscow considers its exclusive sphere of influence. An important summit between the EU and the Eastern Partnership countries (Ukraine, Georgia, Armenia, Belarus, Moldova... MORE
China Pushes “Silk Road” Regional Trade on Two Fronts
China’s top two leaders went to Southeast Asia last week with a message of regional economic integration, promising to build a “maritime silk road” (haishang sichou zhi lu) across the South China Sea (China News Service, October 3; Ministry of Foreign Affairs website, October 9).... MORE
Moldova Hands Over Chisinau International Airport to Russian Business in Exclusive, Non-Transparent Deal (Part Two)
On October 4, the Moldovan government published the text of the agreement handing Chisinau International Airport to a Russian consortium, led by Khabarovsk-based Komaks, in an exclusive concession (Unimedia, October 4).Under the agreement, the Russian side shall operate the Chisinau airport for 49 years (until... MORE
Moldova Hands Over Chisinau International Airport to Russian Business in Exclusive, Non-Transparent Deal (Part One)
Moldova’s governing Pro-Europe Coalition is handing Chisinau International Airport over to the Komaks company from Khabarovsk, eastern Siberia, in association with a company belonging to Russian tycoon Oleg Deripaska. The Khabarovsk company is headed by a “former” officer of the KGB and the Federal Security... MORE
CASA-1000 Project Moves Forward Despite Security Risks
On September 16–17, officials from Kyrgyzstan, Tajikistan, Pakistan and Afghanistan met in Islamabad to sign a Resolution on Contracting Structure and Commercial Principles in the effort to launch the CASA-1000 trade and energy project in 2014. The parties hope CASA-1000 will help bring electricity from... MORE
Uzbekistan Resists Falling Under Russia’s Economic Hegemony
In an unexpected move, Uzbekistan signed an agreement on joining the Russia-driven Free Trade Zone (FTZ) of the Commonwealth of Independent States (CIS) on May 31, 2013. The agreement, seen as a precursor to more serious regional integration, such as joining the Customs Union and... MORE